Tag: financial results

  • Cisco’s turn around strategy is working, but for how long?

    Networking-equipment-maker Cisco Systems said its fiscal second-quarter revenue and profit gains illustrate that its turnaround strategy and internal revamp are working. The vendor reported a 43.5% increase in net income for the quarter and revenue improvement of about 11%, higher than its forecast. “We believe our vision and strategy are working,” said CEO John Chambers.…